Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Committee, c/o ANZ Grindlays Bank Ltd, on Friday (July 17, 2020).

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INTEREST PAYABLE ON FE DEPOSITS
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                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
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U.S. DOLLARS         VALUE 17-07-2020   VALUE 17-07-2020
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For  3 months and over but less than
     6 months           0.0229% PA            0.7729% PA
For  6 months and over but less than
    12 Months           0.0846% PA            0.8346% PA
For 12 months           0.2269% PA            1.1019% PA
For  2 Years            0.2269% PA            1.6019% PA
For  3 Years            0.2269% PA            1.8519% PA
For  4 years            0.2269% PA            2.1019% PA
For  5 years            0.2269% PA            2.2269% PA
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POUND STERLING       VALUE 17-07-2020   VALUE 17-07-2020
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For  3 months and over but less than
     6 Months          -0.1676% PA            0.5824% PA
For  6 months and over but less than
    12 months          -0.0420% PA            0.7080% PA
For 12 Months           0.1003% PA            0.9753% PA
For  2 Years            0.1003% PA            1.4753% PA
For  3 Years            0.1003% PA            1.7253% PA
For  4 years            0.1003% PA            1.9753% PA
For  5 years            0.1003% PA            2.1003% PA
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EURO                 VALUE 17-07-2020   VALUE 17-07-2020
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For  3 months and over but less than
     6 months           0.2047% PA            0.9547% PA
For  6 months and over but less than
    12 months           0.1424% PA            0.8924% PA
For 12 Months           0.0410% PA            0.9160% PA
For  2 Years            0.0410% PA            1.4160% PA
For  3 Years            0.0410% PA            1.6660% PA
For  4 years            0.0410% PA            1.9160% PA
For  5 years            0.0410% PA            2.0410% PA
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JAPANESE YEN         VALUE 17-07-2020   VALUE 17-07-2020
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For  3 months and over but less than
     6 months           0.2047% PA            0.5453% PA
For  6 months and over but less than
    12 months           0.2175% PA            0.5325% PA
For 12 Months           0.1475% PA            0.7275% PA
For  2 Years            0.1475% PA            1.2275% PA
For  3 Years            0.1475% PA            1.4775% PA
For  4 Years            0.1475% PA            1.7275% PA
For  5 years            0.1475% PA            1.8525% PA
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Copyright Business Recorder, 2020